LD 1107 LR 1084(01)
Resolve, to Establish a Pilot Project to Improve Access to Credit for Low-income Individuals
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Zager of Portland
Committee: Labor and Housing
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
FY 2023-24 FY 2024-25 Projections  FY 2025-26 Projections  FY 2026-27
Net Cost (Savings)
General Fund $250,000 $0 $0 $0
General Fund $250,000 $0 $0 $0
Fiscal Detail and Notes
This bill includes a one-time General Fund appropriation of $250,000 in fiscal year 2023-24 to the Maine State Housing Authority for contracting services and subscription fees necessary to implement and administer a 2-year pilot project to collect and report tenant rent payment histories to appropriate credit reporting agencies with the purpose of improving the credit ratings of low-income residential tenants.